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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2021
Stockholders Equity Note [Abstract] |
Summary of Purchases of Common Stock | The table below provides information regarding purchases of Devon’s common stock that were made under the respective share repurchase programs (shares in thousands).
$5.0 Billion Plan (Closed) |  | Total Number of Shares Purchased |  |  | Dollar Value of Shares Purchased |  |  | Average Price Paid per Share |
2018 |  |  | 78,149 |  |  | $ | 2,978 |  |  | $ | 38.11 |
2019 |  |  | 68,625 |  |  |  | 1,827 |  |  |  | 26.62 |
Total |  |  | 146,774 |  |  | $ | 4,805 |  |  | $ | 32.74 |
$1.0 Billion Plan (Closed) |  |  |  |  |  |  |  |  |  |  |  |
2020 |  |  | 2,243 |  |  | $ | 38 |  |  | $ | 16.85 |
Total |  |  | 2,243 |  |  | $ | 38 |  |  | $ | 16.85 |
$1.6 Billion Plan (Open) |  |  |  |  |  |  |  |  |  |  |  |
2021 |  |  | 13,983 |  |  | $ | 589 |  |  | $ | 42.15 |
Total |  |  | 13,983 |  |  | $ | 589 |  |  | $ | 42.15 |
Summary Of Dividends Paid On Common Stock | Upon completion of the Merger, Devon continued its commitment to pay a quarterly dividend at a fixed rate and instituted a variable quarterly dividend, which is dependent on quarterly cash flows, among other factors. The following table summarizes the dividends Devon has paid on its common stock in 2021, 2020 and 2019, respectively.
| Fixed |  |  | Variable/Special |  |  | Total |  |  | Rate Per Share |
2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 76 |  |  | $ | 127 |  |  | $ | 203 |  |  | $ | 0.30 |
Second quarter |  | 75 |  |  |  | 154 |  |  |  | 229 |  |  | $ | 0.34 |
Third quarter |  | 74 |  |  |  | 255 |  |  |  | 329 |  |  | $ | 0.49 |
Fourth quarter |  | 73 |  |  |  | 481 |  |  |  | 554 |  |  | $ | 0.84 |
Total year-to-date | $ | 298 |  |  | $ | 1,017 |  |  | $ | 1,315 |  |  |  |  |
2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 34 |  |  | $ | — |  |  | $ | 34 |  |  | $ | 0.09 |
Second quarter |  | 42 |  |  |  | — |  |  |  | 42 |  |  | $ | 0.11 |
Third quarter |  | 43 |  |  |  | — |  |  |  | 43 |  |  | $ | 0.11 |
Fourth quarter |  | 41 |  |  |  | 97 |  |  |  | 138 |  |  | $ | 0.37 |
Total year-to-date | $ | 160 |  |  | $ | 97 |  |  | $ | 257 |  |  |  |  |
2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
First quarter | $ | 34 |  |  | $ | — |  |  | $ | 34 |  |  | $ | 0.08 |
Second quarter |  | 37 |  |  |  | — |  |  |  | 37 |  |  | $ | 0.09 |
Third quarter |  | 35 |  |  |  | — |  |  |  | 35 |  |  | $ | 0.09 |
Fourth quarter |  | 34 |  |  |  | — |  |  |  | 34 |  |  | $ | 0.09 |
Total year-to-date | $ | 140 |  |  | $ | — |  |  | $ | 140 |  |  |  |  |

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